LIC launches Jeevan Labh

Mumbai: Life insurance giant LIC today launched a limited premium paying, non-linked endowment assurance plan, Jeevan Labh. The plan is available from ages eight years to 59 years and a choice of policy term of 16, 21 and 25 years with premium paying term of 10, 15 and 16 years, respectively. The maximum age at maturity is 75, the corporation said in a statement.

The plan also offers an additional accidental death and disability benefit by paying additional premium.

BG Wind forecloses deal for 20-MW wind power project Bhilwara Green Energy today said its arm BG Wind Power has opted to foreclose the deal with contractor for setting up a 20 MW wind power project in Jaisalmer district of Rajasthan.

“In view of the inadvertent delay in commissioning of the project, the company is exercising its right to foreclose the contract with the EPC contractors and demanding the amount paid along with Interest,” Bhilwara Green Energy said in a regulatory filing.

According to the statement, the company is not expecting commissioning (of the project) to happen before first quarter (April-June) of financial year 2016-17. The 20 MW wind power project being set up in district Jaisalmer, Rajasthan was scheduled to be commissioned by March 2015.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal